SodaStream International Ltd. (NASDAQ:SODA) issued its quarterly earnings data on Thursday. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.45. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. The firm had revenue of $124.20 million for the quarter, compared to analysts’ expectations of $115.05 million. During the same quarter in the prior year, the business earned $0.22 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis.

Shares of SodaStream International (NASDAQ:SODA) opened at 28.12 on Thursday. The company has a 50-day moving average of $25.76 and a 200 day moving average of $23.65. The stock has a market capitalization of $594.34 million, a price-to-earnings ratio of 31.24 and a beta of 1.16. SodaStream International has a 12-month low of $11.66 and a 12-month high of $30.70.

Hedge funds have recently modified their holdings of the company. Baldwin Brothers Inc. MA purchased a new stake in shares of SodaStream International during the third quarter valued at approximately $166,000. New York State Common Retirement Fund purchased a new stake in shares of SodaStream International during the third quarter valued at approximately $2,228,000. Reynders McVeigh Capital Management LLC purchased a new stake in shares of SodaStream International during the third quarter valued at approximately $547,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of SodaStream International during the third quarter valued at approximately $608,000. Finally, LMR Partners LLP purchased a new stake in shares of SodaStream International during the third quarter valued at approximately $382,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Several equities analysts have recently weighed in on SODA shares. Zacks Investment Research cut shares of SodaStream International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Jefferies Group reiterated a “hold” rating and issued a $23.00 price objective (up previously from $21.00) on shares of SodaStream International in a research note on Friday, July 15th. Roth Capital cut shares of SodaStream International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $33.00 in a research note on Wednesday, August 3rd. Finally, Susquehanna reiterated a “hold” rating on shares of SodaStream International in a research note on Monday, August 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.60.

SodaStream International Company Profile

SodaStream International Ltd. (SodaStream) is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).